Assistant general manager John Mozeliak has been named interim GM by Cardinals chairman Bill DeWitt Jr. and is a candidate to succeed Jocketty on a full-time basis.

Jocketty’s contract runs through 2008 and he apparently reached terms on a financial settlement with DeWitt in a meeting Wednesday morning.

DeWitt made the news known to Jocketty this morning that the franchise would be continuing on without him.

The Post-Dispatch reports that the change will be viewed more as a dismissal than a resignation. Jocketty has been unhappy since DeWitt promoted Jeff Luhnow to the position of Vice President of Amateur Scouting and Player Development.

Luhnow is not viewed as a replacement for Jocketty.

Maury Brown is the founder and president of the Business of Sports Network, which includes The Biz of Baseball, The Biz of Football and The Biz of Basketball (The Biz of Hockey will be launching shortly). He is also a contributor to Baseball Prospectus contributed to the 2007 Pro Football Prospectus and is an available freelance writer.